XRP closed at $0.9974 on Friday, marking the first time the token traded below $1 since mid-August. The digital asset extended a losing streak, closing in the red for the ninth consecutive day. Despite the downward pressure, the token traded above the lower weekly Bollinger Band, which is positioned at $0.90. On Saturday, the price recovered slightly to $1.025.
Technical Support Levels
The current price action places XRP near a key technical threshold. The token started November at $1.30, a significant drop from its autumn peak near $1.60. This decline represents an almost 38% loss from that high. Analysts tracking the weekly chart note that the $0.90 level serves as a critical support line. As long as the price remains above this band, the technical setup suggests the asset is not in a state of free fall, according to the Bollinger Band analysis cited in market reports. The last time XRP traded below $1 before this week was August 14, when it closed at $0.986.
ETF Flows and Whale Activity
Investor flows in spot XRP exchange-traded funds have shown signs of weakness recently. On November 9, spot XRP ETFs recorded an outflow of $10.42 million. The following day, November 10, saw an additional outflow of $7.62 million. By November 13, the total net outflow for the period reached $18.04 million. There were no reported flows on November 11 and November 12. As of November 12, the total net assets of spot XRP ETFs stood at $1.16 billion, down from $1.51 billion on October 28. Since their launch, these funds have accumulated a cumulative net inflow of $1.79 billion. The Bitwise XRP ETF remains the largest of the five funds, holding $420.29 million in net assets.
On-chain data from SoSoValue and Santiment indicates that large holders are not abandoning the asset. The number of wallets holding at least 10,000 XRP increased by 2,260 over the past 30 days. As of November 13, there were 2,147 wallets holding 1 million XRP or more. This figure is the highest count recorded in 2026, suggesting that significant accumulation is occurring even as the price faces downward pressure.
Broader Market Context
The decline in XRP coincided with weakness across the broader cryptocurrency market. Bitcoin fell below $70,000 on Friday. Macroeconomic factors are also influencing trader sentiment. Following October U.S. inflation data, traders are betting on a December Federal Reserve rate hike, according to CME FedWatch. In corporate news, Jensen Huang resigned as Nvidia CEO, a development that may affect sentiment in the tech sector where cryptocurrency infrastructure and mining companies are often listed.
